Hero Honda Motors

ARTICLES ABOUT HERO HONDA MOTORS BY DATE - PAGE 4

NEW DELHI: The country's largest two-wheeler maker, Hero Honda Motors, on Monday launched a new version of its premium segment bike Karizma priced at Rs 91,000 (ex-showroom, Delhi). The new Karizma ZMR comes with a 225 cc fuel injection engine and is fitted with digital ignition system, Hero Honda Motors said in a statement. "One of the key pillars of our winning strategy has been to consistently keep introducing new, advanced products and maintaining a balanced product portfolio.

Pawan Munjal, managing director and CEO of the world's largest motorcycle maker, Hero Honda Motors , can look forward to healthy relations with Honda Motor Co, with the Japanese major crediting its Indian joint venture for driving its financials during the past year. Hero Honda's performance has helped Honda buck the global automobile market slump, riding on demand for small commuter motorcycles in India, said Honda Siel Cars India president and CEO Masahiro Takedagawa, who heads Honda's car, motorcycle and power product businesses in India, Pakistan, Sri Lanka, Nepal and Bangladesh.

NEW DELHI: Hero Honda Motors , the world's largest two-wheeler maker by sales, posted an 83% jump in net profit for the June quarter on the back of lower input costs and new high-priced models that rolled out from its factory in Uttarakhand, the hill state which enjoys tax benefits. Sales went up 25% y-o-y, and the company was upbeat that the approaching festival season will help it better the 11.18 lakhs units sold in the past three months despite threats of a bleak southwest monsoon dampening demand in rural areas, which account for 40% of its total sales.

MUMBAI: Angel Broking is bullish on Hero Honda Motors and expects stock to hit a target of Rs 1190 in next 2-3 weeks time. "Hero Honda has given a 'Triangular' pattern breakout around Rs1094 levels along with positive crossover on RSI and Stochastic oscillators on the daily charts. This suggests a further up move in the coming weeks. Traders can buy this stock at current levels and on declines up to Rs 1094 with a stop loss of Rs 1078 with a target of Rs 1190 in the next 2 - 3 weeks," Angel Broking note said.

RESEARCH: Morgan Stanley RATING:UNDERWEIGHT CMP: RS 847 Hero Honda posted a decent set of 3Q09 numbers with net income 7% higher than the expected and in line with Street expectations. Despite a volume decline of 5%, an 11% y-o-y improvement in realisations helped the company to report revenue of Rs 2,880 crore (up 5% y-o-y ). Margin came in at 14.5%, 50 bps above last year, primarily due to softening raw material commodity prices. This was on the back of an 11% y-o-y realisation improvement , improving product mix, and ramp up of capacity at the excise duty-exempt Haridwar facility.

NEW DELHI: Hero Honda Motors has decided not to increase the prices of two-wheelers till the end of this year. "We will not increase the prices of our vehicles till the end of this year," Hero Honda Motors Chairman Brijmohan Lall Munjal told reporters on the sidelines of an auto industry event here today. Asked if the rising cost of raw materials will put pressure on the profit-margin of the company, he said, "I don't think so. We will have to tighten our belts.

NEW DELHI: Fullerton India Credit Co Ltd, one of the fastest-growing NBFCs, on Tuesday signed an MoU with Hero Honda Motors Ltd to offer consumer finance for buying two-wheelers at Honda dealerships. "Our understanding of the small credit market in India and our international experience in the mass market segment will be beneficial in servicing the wide spread network of Hero Honda Motors. We see a lot of synergies in this tie-up. Hero Honda India's leading brand of two-wheelers targets customers in the same mass market as we do in urban, semi-urban and rural areas," said G S Sundararajan, managing director & CEO, Fullerton India Credit Company Ltd. "Our tie-up with Fullerton India is timely as we are expanding our reach to newer markets in smaller towns, besides consolidating our positions in the traditional markets.

MUMBAI: First quarter earnings of two-wheelers makers are expected to drag due to unfavourable macro-economic factors like double-digit inflation, high loan rates, and increase in input costs. "We are not expecting great numbers from two-wheeler segment. Sales volumes were better due to low base effect of last year. Figures may appear higher but will still remain in single digit," said Vaishali Jajoo of Angel Stock Broking. Two-wheeler sales in June grew by 6.4 per cent to 6,01,941 units from 5,65,433 units in the same period last year.

HARIDWAR: Country's largest two-wheeler maker Hero Honda said it will invest an additional Rs 150 crore in the current fiscal to scale up capacity at the company's new facility here that was inaugurated on Tuesday. The plant would have an initial installed capacity of half a million bikes per year and would be increased up to a million units by 2008. The company has so far invested Rs 450 crore in the plant. It had last year announced that along with its ancillaries, a total investment of Rs 1,900 crore would be made in the project, which would have an overall production of 1.5 million units by 2010.

NEW DELHI: Country's largest two-wheeler maker Hero Honda will open its third manufacturing plant in Haridwar on April 8, even as it says rising input costs, specially those of steel, are putting pressure on prices. "The plant (at Haridwar) will have an initial installed capacity of half a million bike per year. But, in the first year of operation, we will be manufacturing seven lakh bikes," Hero Honda Motors Ltd Managing Director Pawan Munjal told reporters here.